Steam Catapult Fund INC

Tax-deductible

Tulsa, OK501(c)(3)EducationEIN 85-2552378Revenue $263K in FY2024

On file with the IRSsteamcatapult.org7633 E 63rd Pl Ste 300, 74133-1202 · Tulsa, OKTax-exempt since May 2024Publicly supported charity — 170(b)(1)(A)(vi)

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The STEAM Catapult Fund (STEAM) is a charitable organization that provides grants to Oklahoma public schools for aerospace-focused STEAM initiatives. The goal is to increase participation in aerospace activities, enhance educational outcomes, and cultivate a proficient aerospace workforce.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 31.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$263K
Spent
$86K
To programs
59%
Net assets
$177K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $51K Management & general 29% · $25K Fundraising 12% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Steam Catapult Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds Oklahoma schools for aerospace STEAM projects to boost participation and workforce skills.

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Provided by the organization

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1 program · $51K · in their own filed words · FY2024
01

STEAM Catapult Fund offers grant assistance in various areas, such as providing equipment like drone kits and simulators, facilitating participation in competitions and events, and covering aerospace and aeronautics certification costs for graduating students.

$51Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 1 grant · $11K · 2024–2024
Tulsa Technology CenterFY2024$10,688

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$263K
Ln 12
Gifts and grantsLn 1h$255K
Fees for servicesLn 2g$5K
Investment incomeLn 3$3K
Money outPt IX
$86K
Ln 25
Programscol B$51K
Managementcol C$25K
Fundraisingcol D$10K
Owns and owesPt X
$177K
net assets · Ln 32
Cash and savingsLn 1–2$223K
Total assetsLn 16$223K
LiabilitiesLn 26$45K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Fees for servicesLn 2g$5K
Investment incomeLn 3$3K
Gains on assetsLn 7$0
Total revenueLn 12$263K
Assets in detailPt X, end of year
CashLn 1$80K
SavingsLn 2$143K
Cash and savings togetherLn 1–2$223K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$223K
LiabilitiesLn 26$45K
Net assetsLn 32$177K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$223K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$0$223K
LiabilitiesLn 26$0$45K
Net assetsLn 32$0$177K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$206$206
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$7K$7K$856
Office expensesLn 13$6K$598$5K$243
Information technologyLn 14$5K$5K$150
RoyaltiesLn 15$0
OccupancyLn 16$2K$2K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$53K$26K$18K$9K
All other expensesLn 24e$0
Total functional expensesLn 25$86K$51K$25K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $263K$86K$177K$177K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $263,133 revenue, 12 lines filed
I-8 Contributions and grants$255,000
I-9 Program service revenue$5,047
I-10 Investment income$3,086
I-11 Other revenue$0
I-12 Total revenue$263,133
I-13 Grants and similar amounts paid$10,688
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$75,166
I-18 Total expenses$85,854
I-19 Revenue less expenses$177,279
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $263,133 across 9 lines filed
VIII-1f All other contributions, gifts and grants$255,000
VIII-1h Total contributions, gifts and grants$255,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,047$5,047
VIII-3 Investment incomeExcluded from tax $3,086$3,086
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $5,047 · Excluded from tax $3,086$263,133
Part IX · Statement of functional expenses $85,854 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $10,688$10,688
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $206$206
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $6,536 · Fundraising $856$7,392
IX-13 Office expensesPrograms $598 · Management $5,138 · Fundraising $243$5,979
IX-14 Information technologyPrograms $5,200 · Management $150$5,350
IX-15 Royalties$0
IX-16 OccupancyManagement $1,688$1,688
IX-17 TravelPrograms $1,759$1,759
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $25,615 · Management $18,136 · Fundraising $9,041$52,792
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $50,602 · Management $25,112 · Fundraising $10,140$85,854
Part X · Balance sheet $222,699 assets, 17 lines filed
X-1 Cash, non-interest-bearing$80,032
X-2 Savings and temporary cash investments$142,667
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $0$222,699
X-26 Total liabilitiesStart of year $0$45,420
X-27 Net assets without donor restrictions$177,279
X-32 Total net assets or fund balancesStart of year $0$177,279
X-33 Total liabilities and net assetsStart of year $0$222,699
Part XI · Reconciliation of net assets $177,279 net assets at year end
XI-1 Total revenue$263,133
XI-2 Total expenses$85,854
XI-3 Revenue less expenses$177,279
XI-10 Net assets at end of year$177,279

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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